The Moldovan economy advanced by 1.8 percent year-on-year in the first quarter of 2021, compared to a 3.3 percent decline in the last quarter of 2020. It was the first economic expansion since the first quarter of 2020, driven by fixed investment (14.2 percent vs -6.6 percent) and household consumption (2.8 percent vs -1.6 percent in Q4). Meanwhile, net trade contributed negatively to growth as exports fell (-12.3 percent) while imports rose (7.1 percent). On a seasonally adjusted quarterly basis, the GDP grew 2.5 percent, following an upwardly revised 3.3 percent rise in the previous period. source: National Bureau of Statistics of the Republic of Moldova
GDP Growth Rate in Moldova averaged 0.66 percent from 1995 until 2020, reaching an all time high of 5.30 percent in the first quarter of 2013 and a record low of -7.84 percent in the first quarter of 2009. This page provides the latest reported value for - Moldova GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Moldova GDP Growth Rate - values, historical data and charts - was last updated on July of 2021.
GDP Growth Rate in Moldova is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Moldova to stand at 1.10 in 12 months time. In the long-term, the Moldova GDP Growth Rate is projected to trend around 0.60 percent in 2022, according to our econometric models.